Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hoff who wrote (3187)	2/12/1999 10:51:00 AM
From: Don Devlin	Read Replies (1) \| Respond to of 8393

- CALSTART Sanyo, Ovonic Strengthen Deal on NiMH Batteries 02/11/1999 Osaka, Japan - Sanyo Electric Co. announced it is moving ahead with its deal with Ovonic Battery Co. to license Ovonic's nickel-metal hydride (NiMH) battery technology, reports Kyodo News International. The two first announced their tentative agreement in the fall (News Notes 10/28/98). Under the deal, Sanyo is licensing the technology and taking an equity interest in Ovonic, but the two still aren't saying how much of a stake. Sanyo is a leader in nickel-cadmium batteries, but Ovonic is considered to be the leader in NiMH batteries. General Motors and Honda (News Notes 4/10/96) have already made equity deals with Ovonic. GM is now using the longer-range Ovonic NiMH batteries in its 1999 EV1 electric sports coupe. Matsushita Battery Industrial Co., Ltd. had previously licensed Ovonic's NiMH technology, but the two had a falling-out and ended up in court (News Notes 3/7 & 3/11/96). For Europe, Ovonic has allied with Sanoh Industrial Co., Ltd. (News Notes 12/18/96).